Economic News
US consumer sentiment near strongest level for two decades, UofM says
US consumer confidence stayed near its best levels for nearly two decades in November, according to the results of perhaps the most closely-followed survey of American's mood.
Europe 'must consider its place in the world', ECB's Lagarde says
At a time when "uncertainty abounds" and the conventional wisdom in diplomacy and economics was being "challenged", Europe "must consider its place in the world and reset its ambitions", argued the European Central Bank's new President.
Top Spanish official sees GDP continuing to grow at a 'reasonable' pace
Spain's Secretary of State for Economy, Ana de la Cueva, has reassured that Spain will continue to grow at a reasonable rate and above that of the Eurozone, despite the context of uncertainty hanging over the global economy, including the US-China trade war and Brexit.
Eurozone economy remains close to stagnation in November
The eurozone economy remained close to stagnation in November, according to preliminary figures released on Friday.
UK business activity hits worst level since July 2016
Business activity in the UK fell to its lowest level in November since after the referendum in July 2016 as Brexit uncertainty and the upcoming general election took their toll, according to data released on Friday.
Germany avoids recession in third quarter
The German economy avoided a recession in the third quarter, data released by Destatis confirmed on Friday.
Vice president of the ECB: 'Monetary policy is not almighty we need others to act
Luis de Guindos, Vice President of the European Central Bank (ECB), re-alerted of the limits of monetary policy on Thursday evening as he attended the 20th anniversary of Spanish media outlet Bolsamanía.